Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

By utilizing section 8 income we will turn it into a property that is insured beyond belief and make over $ 418,000 gross $320,268 net.

Fifteen percent IRR is possible, and single digit cash on cash is achievable. 

I understand moving out of your home and occupying a unit in a duplex may be the best financial decision but make sure it’s the best decision for your family because transitioning from a single family house to an apartment with a family of 4 is not always the easiest transition.

House hacking by purchasing a duplex, triplex, or single-family home with extra rooms can help you reduce or eliminate housing costs while building equity.

Note that RedFin shows Y/Y January 2025 price declines of 9.71% for all housing but increases of 2.8% in single-family homes.

the value added versus cost to add, especially in single family zoned areas, typically results in a large negative initial position.  

Given your house-hacking strategy and lower monthly income, using an FHA (3.5%) or Conventional (5%) loan on a duplex, triplex, or a single-family home with extra rooms is a great way to start.

I need more adviceJust now I suddenly had an idea, the land left by the LA fire and SB-9 (SB-9 allows single-family residential lots to be split into two lots)Is this a good opportunity?

Norfolk is where the majority of multifamily inventory is located, Virginia beach is zoned much more single family.